Mudashiru Obasa has been re-elected as the Speaker of the Lagos State House of Assembly. His return follows the resignation of Mojisola Meranda, who stepped down from the position with immediate effect. Obasa was reinstated during the plenary session on Monday. Earlier in January, Obasa had been impeached by members of the Assembly due to several fraud-related accusations. Further details will...

Looking for an Instagram alternative that gives you more control and less algorithm chaos? Meet Flashes—the latest photo-sharing app to join the scene, and it's already making waves. After officially launching on the App Store this week, Flashes pulled in nearly 30,000 downloads in just 24 hours. Not bad for a debut. So, what’s the big deal with Flashes? Well, for starters,...

MTN Nigeria reported a loss of N400.44 billion after tax for the year ending December 31, 2024, primarily due to the devaluation of the naira, which increased foreign exchange losses and negatively impacted the company's earnings.  This loss, revealed in the company's audited financial statements on Thursday, marks a 192% increase from the N137.02 billion loss recorded in 2023. The...

The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...

The “Dead Horse Theory” is a satirical metaphor that reflects how some people, institutions or nations face obvious problems that are impossible to solve, but instead of accepting reality, they cling to justifying them. The central idea is clear: if you find that you are riding a dead horse, the most sensible thing to do is to get off and leave it. However, in practice, the opposite...